Country Garden, which is China’s largest real estate firm, reported its half-year profit had fallen to between £550m and £612m from £1.9bn a year earlier.
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China’s largest property group Country Garden warns of 70% plunge in profit
Earnings at Chinese property developer Country Garden fell as much as 70 per cent in the first half of the year, as the country’s largest real estate group by sales was drawn into a crisis…
China’s largest property group warns of 70% plunge in profit
Earnings at Chinese property developer Country Garden fell as much as 70 per cent in the first half of the year, as the country’s largest real estate group by sales was drawn into a crisis…
China’s first publicly traded rental property REITs snapped up by investors
China’s first batch of publicly traded rental property real estate investment trusts (REITs) was snapped up in Shanghai and Shenzhen by yield-hungry investors this week, opening up a new financing …
Chinese Property Giant Country Garden Warns of Profit Slump
Chinese property developer Country Garden Holdings Company Ltd (HK:2007) said on Thursday that its profit for the first half of 2022 is expected to drop substantially amid a severe real estate …
Shaky scaffolding: Why is China’s real estate sector facing a crisis?
Big property developers in China, like Evergrande, are facing a massive shortfall of money, dragging down the sector along with the home demand and prices …
China’s stricken property market gets a boost as government is set to guarantee bonds of some private developers
Longfor Group will sell an onshore bond of up to US$250 million next week, one of several private developers poised to issue similar notes guaranteed by a state-owned credit enhancement company.
China takes steps to support some property developers, boost demand in economy
China will guarantee new onshore bond issues by a few select private developers to support its embattled property sector, sources said on Tuesday, while the state planner said it would boost economic …
Iron ore rebounds in short-term boost from China property support
Dalian and Singapore iron ore futures rose on Tuesday, buoyed by news of further government support for Chinese property developers hit by a deepening financial crisis, but China’s worrying economic …
‘Ticking time bomb’—China’s real estate bust deepens as housing prices fall for 11th straight month
Industry analysts see an urgent need to stimulate a recovery in China’s overheated residential real estate sector as potentially 50 million vacant apartments could soon flood the market.
China’s Economy Slows Unexpectedly as Covid and Property Woes Mount
China’s economic recovery slowed even further than expected in July, as Covid restrictions and a crumbling property market compound additional woes. Nearly all key economic indicators fell short of …
China July property investment in biggest decline this year
BEIJING: China’s property investment by developers further worsened in July, down the most this year, while new construction starts suffered their biggest fall in nearly a decade, amid still tight …
‘No One Immune’ Amid China Property Turmoil, JPMorgan Says
Chinese developers may report a 30% year-on-year decline in first-half earnings due this month, which will likely weigh on sentiment, according to JPMorgan Chase & Co. analysts.Most Read from …
